Jio Launched, Airtel & Idea Stocks Crashed & Twitter Did Its Thing

In a landmark move by Mukesh Ambani, the much awaited mobile network Jio was officially announced. With it’s free voice calls for life, no roaming charges and cheap data tariff, sure as hell, it’s going to disrupt the telecom industry in India. Rival telecom players Airtel, Vodafone, Idea and others already have a lot to worry about, and their stocks have reflected the panic. Meanwhile conspiracy theories have also emerged on how the Jio logo looks like Oil spelled backwards. Everyone’s excited, and the Twitteratti of course have spoken.

Airtel, Idea and R-Com’s Stocks Tank As Mukesh Ambani Announces Jio Features

Reliance Jio has been thought by many to be a gamechanger in India’s telecom space. At 11:30 am today morning, Reliance CEO Mukesh Ambani announced Jio’s many glittering features to the world. With data priced at an astonishing Rs. 50/GB, and free voice calls, Jio will probably upturn the telecom industry, stocks of rival telecom players – Airtel, Idea, and Reliance Communications – felt the pinch.